Lighter Token Defies Broader Market Decline with Significant Price Gains

Despite the current downturn in the broader crypto market, Lighter's token LIT has continued its upward trajectory, reaching a 48.8% gain over the past month.

The rise of LIT can be attributed to several internal factors, including a significant reduction in available supply on exchanges.

According to recent data, more than 14.47 million LIT tokens have been removed from circulation through ongoing buybacks, resulting in a tightening of available supply and putting upward pressure on the token's price.